Job Market Monitor
Skills
The Future of Work – Investing in human capital must be a priority says the World Development Report 2019
The World Development Report (WDR) 2019: The Changing Nature of Work studies how the nature of work is changing as a result of advances in technology today. Fears that robots will take away jobs from people have dominated the discussion over the future of work, but the World Development Report 2019 finds that on balance … Continue reading
National Qualifications Frameworks (NQF) and the European Qualifications Framework (EQF) – The inclusion of non-formal qualifications
National Qualifications Frameworks (NQF) referenced to the European Qualifications Framework (EQF) are important policy instruments to promote mobility and lifelong learning at the national as well as the European level. The NQF can play a decisive role not only to improve the transparency of a national qualifications system, but also as a policy reform driver … Continue reading
The Finnish National Qualifications Framework (NQF) – A comprehensive and concise description
The Finnish National Framework for Qualifications and Other Competence Modules (FiNQF) was formally adopted on 1 March 2017. On this date, the Law and the Decree governing the FiNQF entered force, which marked a formal culmination of the work towards a national qualifications framework. In fact, much had been done before; the Government committed to … Continue reading
Creativity as a Skills – Creative occupations don’t have a monopoly on creativity
At a time when all jobs, whether in a coffee shop or a bank, can seemingly be described as creative, you’d be forgiven for thinking the word had lost all meaning in the labour market. However, this first piece of research from the Creative Industries Policy and Evidence Centre (PEC), written in partnership with Nesta, … Continue reading
HR – Focus on skills, not pedigrees
A good place to start rethinking the recruiting process is at the top of the funnel, by cutting requirements in job ads to what’s truly essential—tossing out education and experience nice-to-haves—and hiring for fit rather than technical mastery of the role. Resumes, for example, won’t necessarily reveal a candidate’s creativity, willingness to work hard and … Continue reading
Digital Skills Certification – Increases a worker’s earnings but …
Newcomers often face difficulties breaking into labour markets. Even highly educated and skilled workers without work history often struggle to land their first jobs. An important reason for this is that it is difficult for prospective employers to be sure of such unproven workers’ productivity Pallais (2014). This is especially true in online labour markets … Continue reading
Robots Induce Polarisation OECD finds
This report analyses automation trends and its effect on employment in OECD countries. On average, robots are found to be associated with a reduction in employment in elementary occupations – those requiring the lowest levels of skills – and an increase in employment in high-skill occupation such as professionals and technicians. For occupations in the … Continue reading
Autonomous Vehicle in US – How to cope with their effects on workers
How will the introduction and diffusion of autonomous vehicles (AVs) affect U.S. workers? This highly fraught question promises soon to loom large in hometowns and policy realms across the nation. Given Americans’ current reliance on cars and trucks for most of our transportation, the transition to self-driving vehicles will change many lives and livelihoods, likely … Continue reading
Durable Skills – Creating opportunities for reengagement is essential
Our current systems of learning are not adequately addressing the durable skills needs of all students and employees. As an example, while it was once acceptable for an accountant to excel solely at analyzing numbers, much of that basic analysis work is now done with technology. As such, the role of an accountant has changed … Continue reading
Skills in US – O*NET Database and websites updated
The 23.2 release of the O*NET database includes the following: 339 technology skills related to 133 occupations were updated from employer job postings and other sources. Currently, 186 “hot technologies” are identified. 150 alternate titles related to 84 occupations were added from employer job postings and other sources. Chosen excerpts by Job Market Monitor. Read … Continue reading
Skills in Canada – Closing the Gap
Canada’s labour market will not have the skilled workers it needs unless we change the way we train workers today. As automation spurs rapid change, Canada needs to change its approach to education, training and skills development in order to close the skills gap. Labour markets in Canada and around the world are being disrupted … Continue reading
Skills in New Economy – Shifting to a system where skills are the core currency of the labour market
The qualifications achieved in schools, colleges and universities, the brand of an educational institution or an employer, the social networks of a potential job applicant are all signals currently used to indicate the potential fit between individuals’ capabilities and job opportunities in the labour market. This system of skills proxies contributes to negative outcomes in … Continue reading
Canada – Many workers have poor literacy skills, more than 40%, and the problem is getting worse
Workplaces are changing quickly. Machines or algorithms are replacing some tasks, and new and changing jobs require additional technical skills. To keep pace with these changes in current and future jobs, the ability to keep learning is the most important basic skill for any job. Because literacy is the most important “learning to learn skill,” … Continue reading
European skills index (ESI) – Four groups of Member States
Skill systems are an important component of country competitiveness and, in aggregate, of the European Union (EU) as a whole. Several key principles of the European pillar of social rights are built around a well-functioning and inclusive labour market with education, training and lifelong learning at the heart. At the same time, the New skills agenda … Continue reading
Europe – Boosting skills requires a comprehensive, well-informed and coordinated strategy involving multiple actors
Skills are key for Europe’s growth, inclusiveness and future prosperity. It is people’s skills that underpin an economy’s capacity to innovate and adopt innovation successfully. Skills can thus act as a catalyst for growth and economic job creation. Skills are also central to employability and facilitate finding jobs that allow people to realize their potential, … Continue reading
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